Tethered to Tether!

Crypto markets are stabilised at around USD 220bn of capitalisation. This is what is called a “lateral movement”. Most technical analysts are challenged in this kind of situation. If they are wise (and most of them are!), they set up orders linked to Tether (USDT) or other similar crypto assets, so that they can keep their money pegged to fiat if the lateral trend moves in an unplanned direction. This is why, the people behind Tether (and exchanges where it is listed) are having a good time, since lateral movements mean more transactions in Tether. As you can see on CoinMarketRank.io, Tether is almost at par with Bitcoin in trading volumes.